17409 Collinson AveEastpointeMI48021
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Eastpointe at 17409 Collinson Ave, Eastpointe, MI, 48021 uses $59,670 cash to close to unlock $6,924/yr annual cash flow and $577/mo monthly cash flow. Total monthly income runs $1,764/mo, and a $881/mo payment keeps the spread at $577/mo. Purchase price stands at $180,000, and rental yield measures 11.76% with $1,764/mo rent. Return on cash invested shows 31.51% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 165.6% and total cumulative return in cash records $98,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,764/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1954
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48021, Eastpointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,721 (100%) |
| Owner Occupied HU | 8,850 (64.5%) |
| Renter Occupied HU | 4,338 (31.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $132,729 |
| Average Home Value | $169,372 |
Housing Distribution
Address Breakdown
Residential
13,433
Single Family
12,805
Multi-Family
628
Businesses
1,046
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Kwapis • EXP Realty - Mark White & Associates
Mls Name: Realcomp II
Mls ID: #20251059519